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View By Subject 201 fatwas
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Paying Taxes or Penalties from Riba Interest or Pension Funds
I leave in an non-islamic country. We have a rule here that we need to file in tax returns even if NIL annually. My wife has defaulted on this as she was not aware NIL return was to be submitted as well. Now this may attract penalties and interest thereof by the tax body. Can we pay such charges from interest received from bank account or interest from.. More
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Disbursing Usury Money
Assalamu alaykum,I normally separate usury money from my halal money in the riba based bank I am operating. On what can I disburse the usury money Islamically?
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Taking an Interest-based Loan to Study
Assalamu Alaikum wa rahmatullahi wa barakatu,I live in Canada and I am currently a student at one of the universities in this country. My goal is to become a social studies teacher because there is a great need for Muslim teachers even within secular subjects. However, the issue is that I have fallen into the trap that so many students have fallen into.. More
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Recording Riba-Based Transaction
salam. i read a fatwa by a famous Hanafi Scholar that subsequent recording of riba-based transaction is not prohibited though disliked. he means that it is haram to be record a riba based transaction at the time of its occurence but not afterwards. is this view of weight?
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Riba related jobs
I'm mandatory trainee at a CA office for completing my course for three years, which I'll reach after a one hour train trip, total trip timing may 1.5 hrs, I joined this far because of the office has no bank audit, other near by offices has it. Still there during making of financial statements, I've to do calculation of interest to partners, as well.. More
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Auditing Accounts of Riba-based Banks
In islam, is it permissible to work in an accounting firm where some clients are engaged in haraam business activities?
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Financing Construction as a Loan
The government gives small projects to area organizers and activists such as building community centers, toilets and utilities. Once the job is done, the cost will be paid by the government. One of my relative funding these projects for which he charge 10% of the fund he gave. He says it’s as a commission. Can we consider this as interest ?
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Studying interest loans as part of Math course
Hello. I am a student in college, in the Health Information Technology program, which requires me to take Maths with the Business App course. This course covers multiple concepts of basic math computations as well as teaching students about simple and compound interest. My question is: is it permissible to study interest (loans) because part program.. More
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Adding experience in interest-based bank on CV
I have worked in a non-Islamic bank which deals with interest for one year. After realizing it is haram, I left the job and asked Allah for forgiveness. My question is: can I include this job experience on my CV considering that it was haram? If I get another job on the basis of this job, will I be sinful?
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Income-Share-Agreement (ISA)
Assalaamu alaykum. This finance-related question is controversial. I reside in the US and have asked a few knowledgeable imams. Some of them expressed that it is haram, and others did not. I would like to know if income-share-agreement, also known as ISA, is an interest-free financing halal alternative. We all know that loans with interest are haram.. More
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Taking government interest-based loan to pay university tuition
Assalaamu alaykum. I live in Australia, and we can have the government pay our university fees whilst we study. When we graduate, we then pay the government 125% of what they paid for us during our studies. Is this considered interest, or just profit? We never get the money, the government just pays the university on our behalf. And then we pay the.. More
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Debt not to be settled with money earned from interest
Assalaamu alaykum. Can received interest be utilized to settle a debt? My father passed away and there are some debts left to settle. We received his Employment Providence Fund (EPF) from the government (labour department); the total amount is approximately LKR 950,000. In that, only LKR 266,000 is the contribution; the balance amount is interest. Can.. More
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Using money other person earned from interest
Assalaamu alaykum. I am a practising Muslim who lives in Pakistan. Praise be to Allaah, I have changed a lot after reading the Quran with translation; I have stoped doing those things which could make my Allaah angry and started doing those things which could make Allaah happy; I have started loving Prophet Muhammad, sallallahu 'alayhi wa sallam,more.. More
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Prize won by having account in interest-based bank
Assalaamu alaykum. I have a question about a motorbike that I got from my father. My father opened an account in some conventional bank (which is interest-based), an he got a prize because of that, a motorbike; this was in 2008. Now, prior to 2016, I never realized that using anything from an interest-based bank is haram, and my father did not seem.. More
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Partnership with someone who deals with interest
We are 12 friends who purchased a piece of land, and we all contributed an equal amount of money. We have a plan to develop the land for joint housing, Allaah willing, as the land is about 2880 square feet. There is a chance that some of my friends may use a fund from an interest-based loan, but I and my other friends will use our own savings fund,.. More
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